TTM Squeeze Alert: PANW Primed for Big Move at $186.85
NeutralPalo Alto Networks Inc (PANW) closed down 0.85% at $186.85 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($187.93) and 21-day ($191.05) EMAs, suggesting short-term weakness.
Momentum
RSI at 41.5 is in neutral territory but trending lower. MACD is bullish (-3.18 vs signal -3.66).
Volatility
Stock has been in a TTM Squeeze for 8 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $182.11.
Key levels to watch: Support at $182.11, Resistance at $197.93.